@borsfinance.com: In the days leading up to the assassination attempt on former President Donald Trump, there was a significant increase in short selling of Trump Media & Technology Group (NASDAQ: DJT) stock. Between July 1 and July 12, short positions against DJT doubled from 7 to 15 million shares, reaching a record high since the stock’s trading debut. Short selling involves borrowing shares and selling them with the expectation of buying them back at a lower price later. The surge in short positions suggests that some investors anticipated a substantial drop in DJT’s value by July 15. This pattern has raised concerns about potential foreknowledge of the assassination plot, as some individuals may have sought to profit from expected market turmoil. A similar occurrence was observed before the September 11, 2001 attacks, when large bets were placed against major airline stocks. However, following the failed assassination attempt, DJT stock surged by over 60% in early trading on Monday, July 15, before retracing to close at $36.89. This price increase likely caused losses for short sellers who had to cover their positions. As of the latest reports, the short interest in DJT stock has significantly decreased to 11.27%, with 5,219,586 shares being shorted. Do you want to trade like they do? Comment “BORS” below👇

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Friday 19 July 2024 20:41:24 GMT